EBTC.XA is trading at A$8.46 (-3.2%) as a broader crypto selloff and institutional outflows weigh on investor sentiment.
- Bitcoin has declined approximately 3β4% over the past 24 hours, with Ethereum also showing weakness.
- Market sentiment is under pressure from significant liquidations and heightened regulatory uncertainty.
- These factors are contributing to a risk-off environment for Bitcoin-linked ETFs, including EBTC.XA.